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Morningstar

Municipal Bond ETFs

Fixed-income funds that distribute income that is not subject to taxation at the federal, state, and sometimes local levels.

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Name
Ticker
Morningstar Category
Fund Size
Adjusted Expense Ratio
Total Return Rank in Category
3 Year
Total Return Rank in Category
5 Year
Total Return Rank in Category
10 Year
Management Style
iShares National Muni Bond ETFMUBMuni National Interm37.58 Bil0.050%404227Passive
Vanguard Tax-Exempt Bond ETFVTEBMuni National Interm34.65 Bil0.050%5040—Passive
iShares Short-Term National Muni Bd ETFSUBMuni National Short8.73 Bil0.070%536362Passive
SPDR® Nuveen Blmbg ST MunBd ETFSHMMuni National Short3.85 Bil0.200%918878Passive
SPDR® Nuveen Blmbg Muni Bd ETFTFIMuni National Long3.58 Bil0.230%808283Passive
VanEck High Yield Muni ETFHYDHigh Yield Muni2.95 Bil0.320%879771Passive
Invesco National AMT-Free Muni Bd ETFPZAMuni National Long2.82 Bil0.280%717022Passive
iShares California Muni Bond ETFCMFMuni California Long2.80 Bil0.250%375979Passive
JPMorgan Ultra-Short Municipal Inc ETFJMSTMuni National Short2.62 Bil0.180%128—Active
SPDR® Nuveen Blmbg Hi Yld Muncpl Bd ETFHYMBHigh Yield Muni2.62 Bil0.350%655953Passive
First Trust Managed Municipal ETFFMBMuni National Interm1.98 Bil0.650%7344—Active
VanEck Intermediate Muni ETFITMMuni National Interm1.82 Bil0.180%927725Passive
PIMCO Intermediate Municipal Bd Actv ETFMUNIMuni National Interm1.45 Bil0.350%192334Active
JPMorgan Municipal ETFJMUBMuni National Interm1.40 Bil0.180%118—Active
Dimensional National Municipal Bond ETFDFNMMuni National Short1.25 Bil0.170%———Active
Invesco California AMT-Free Muni Bd ETFPWZMuni California Long852.20 Mil0.280%694734Passive
Capital Group Municipal Income ETFCGMUMuni National Interm700.38 Mil0.270%———Active
iShares New York Muni Bond ETFNYFMuni New York Long697.10 Mil0.250%144868Passive
IQ MacKay Municipal Intermediate ETFMMITMuni National Interm658.77 Mil0.310%4913—Active
BlackRock Short Maturity Muncpl Bd ETFMEARMuni National Short617.63 Mil0.250%812—Active
First Trust Municipal High Income ETFFMHIHigh Yield Muni607.25 Mil0.700%4521—Active
PIMCO Short Term Municipal Bond Actv ETFSMMUMuni National Short574.62 Mil0.350%352022Active
iShares iBonds Dec 2025 Term Muni Bd ETFIBMNMuni Target Maturity535.57 Mil0.180%3194—Passive
AB Tax-Aware Short Duration ETFTAFIMuni National Short506.12 Mil0.270%———Active
IQ MacKay Municipal Insured ETFMMINMuni National Long463.74 Mil0.310%5726—Active
iShares iBonds Dec 2024 Term Muni BondIBMMMuni Target Maturity457.12 Mil0.180%91—Passive
iShares iBonds Dec 2026 Term Muni Bd ETFIBMOMuni Target Maturity452.04 Mil0.180%4274—Passive
VanEck Long Muni ETFMLNMuni National Long451.51 Mil0.240%969553Passive
American Century Divers Muncpl Bd ETFTAXFMuni National Interm439.97 Mil0.290%475—Active
Vanguard Short-Term Tax-Exmpt Bd ETFVTESMuni National Short438.11 Mil0.070%———Passive
iShares iBonds Dec 2027 Term Muni Bd ETFIBMPMuni Target Maturity421.30 Mil0.180%5054—Passive
First Trust Short Dur Mgd Muncpl ETFFSMBMuni National Short416.95 Mil0.550%6531—Active
Hartford Municipal Opportunities ETFHMOPMuni National Interm406.94 Mil0.290%228—Active
Columbia Multi-Sector Municipal Inc ETFMUSTMuni National Interm406.59 Mil0.230%5912—Passive
VanEck Short High Yield Muni ETFSHYDHigh Yield Muni322.11 Mil0.350%367199Passive
Schwab Municipal Bond ETFSCMBMuni National Interm317.32 Mil0.030%———Passive
iShares iBonds Dec 2028 Term Muni Bd ETFIBMQMuni Target Maturity314.80 Mil0.180%6720—Passive
Dimensional California Municipal Bd ETFDFCAMuni California Intermediate274.72 Mil0.190%———Active
VanEck Short Muni ETFSMBMuni National Short255.76 Mil0.070%857450Passive
VanEck CEF Municipal Income ETFXMPTHigh Yield Muni228.56 Mil1.820%1009866Passive
First Trust California Muni Hi Inc ETFFCALMuni California Long220.00 Mil0.650%3127—Active
Invesco BulletShares (R) 2025MuncplBdETFBSMPMuni Target Maturity216.87 Mil0.180%17——Passive
JPMorgan Sustainable Municipal Inc ETFJMSIMuni National Interm210.96 Mil0.180%646563Active
Franklin Dynamic Municipal Bond ETFFLMIHigh Yield Muni207.84 Mil0.300%1012—Active
First Trust Ultra Short Dur Muncpl ETFFUMBMuni National Short202.83 Mil0.450%2333—Active
Invesco BulletShares (R) 2024MuncplBdETFBSMOMuni Target Maturity201.33 Mil0.180%1——Passive
Invesco BulletShares (R) 2026MuncplBdETFBSMQMuni Target Maturity190.08 Mil0.180%75——Passive
JPMorgan High Yield Municipal ETFJMHIHigh Yield Muni173.92 Mil0.350%938795Active
PIMCO Muncpl Income Oppos Act Ex-TrdMINOMuni National Interm151.40 Mil0.390%———Active
Avantis Core Municipal Fixed Inc ETFAVMUMuni National Interm143.35 Mil0.150%63——Active

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